Managing risk, legal spend and the internal client: What ... · What keeps legal counsel awake at...
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Managing risk, legal spend and the internal client: What are your priorities for 2012? Informal Facilitated Discussion: Jim Holding, Partner, Brisbane WIN: What in-house lawyers need Knowledge, support and networking for the in-house lawyer community www.dlapiperwin.com
Transcript of Managing risk, legal spend and the internal client: What ... · What keeps legal counsel awake at...
Managing risk, legal spend and the
internal client: What are your
priorities for 2012?
Informal Facilitated Discussion: Jim Holding, Partner, Brisbane
WIN: What in-house lawyers need
Knowledge, support and networking for the in-house lawyer community
www.dlapiperwin.com
In-house counsel priorities for 2012
In January 2012 DLA Piper Australia undertook a survey of
legal counsel across the private and government sectors to
seek their views on the trends and challenges they
expected to face in 2012.
Here’s what they said...
Biggest challenges for 2012?
t www.dlapiperwin.com
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
What keeps legal counsel awake at night?
t www.dlapiperwin.com
Legal and risk issues
Budgets and
profitability
Workload and team
issues
What keeps legal counsel awake at night?
t www.dlapiperwin.com
Balancing competing
demands from the
businesses Managing risk across
the business
Lack of document trail and
correct documentation when
legal documents are handled
by business teams
Ineffective
regulation
Being seen by the business
as a hurdle or a blocker, as
opposed to a valuable
contributor.
Delivering large change agenda arising
from Legal Blueprint without impacting
business as usual delivery
Keeping on top of
changes to the law
regarding my business Litigation
Legal and risk issues
What keeps legal counsel awake at night?
t www.dlapiperwin.com
Volume of work In-house resources
and difficulty in
recruiting staff
Loss of knowledge of key
events when individuals
leave the business
Insufficient staff and
budget for external
resources to meet
company demand for
legal support.
Getting all necessary
work done to a high
standard in the
available time
Managing increasing
volume of unreasonable
demands of the board
Competitor
Poaching
Maintaining team
moral under work
pressures
Workload and team
What keeps legal counsel awake at night?
t www.dlapiperwin.com
Controlling legal
spend
Factors required to
drive growth
Budgets
Profitability
Cost control
Difficulty in persuading the business to
spend money on external lawyers when I
consider it necessary
Budgets and profitability
And for the lucky few...
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Your opinion of the hourly rate
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If I had more hours in the day, my top work
related priority would be...
t www.dlapiperwin.com
0%
5%
10%
15%
20%
25%
30%
35%
40%
Increase knowledge of the business
Spend more time training
the legal team
Spend more time training
the commercial
teams
Develop better toolkits and internal
materials
Increase legal knowledge
Take more time on
current work
Spend more time building relationships with other in-
house counsel
Spend more time
networking with external
counsel
Qualities you value most in your
external advisors
t www.dlapiperwin.com
Cost effective services (66%)
Depth of business &
sector knowledge
(63%)
Technical excellence
(60%)
What annoys you most when working
with external counsel
t www.dlapiperwin.com
0%
5%
10%
15%
20%
25%
30%
35%
Do you feel valued by the Board / Senior
Management?
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What would improve your standing with the
Board / Senior Management
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WIN: WHAT IN-HOUSE LAWYERS
NEED
What's next for WIN?
WIN: What in-house lawyers need
Knowledge, support and networking for the in-house lawyer community
What in-house lawyers want...
t www.dlapiperwin.com
1. Chance to hear practical advice/experience
under Chatham House rules
2. Training on legal topics
4. Opportunity to network
with other in-house
counsel
3. Availability of knowhow
and value add materials
About WIN
The three main pillars of WIN are to provide:
Knowledge: deliver information that is targeted,
relevant and covers key business issues as well as
legal topics
Support: listen to our clients to identify the key legal
and commercial issues they face and tailor our services
accordingly
Networking: create an opportunity to share practical
experience with other in-house lawyers
WIN: What In-House Lawyers Need
Win Wise
Networking events
Interactive Website
Advisory Group
WIN Website
Register at www.dlapiperwin.com
• Tailored information
• Personal library
• Best practice guides
• Discussion forum
• Events and training
What's next for WIN?
Client Advisory Group
Client advisory sessions and events where we listen to what
you want from WIN
WIN Wise
Practical briefings on key topics effecting your role
Events
In-house Counsel Day
Junior Counsel Events: “From Junior Counsel to General
Counsel"
Thank you
WIN: What in-house lawyers need
Knowledge, support and networking for the in-house lawyer community
